Amendment to Convertible Note Deed
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| Stock | Xpon Technologies Group Ltd (XPN.ASX) |
|---|---|
| Release Time | 15 Jan 2025, 3:51 p.m. |
| Price Sensitive | Yes |
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XPON Amends Convertible Note Deed
Key Points
- Extended Maturity Date by 6 months to 26 August 2025
- Increased interest rate to 15% p.a. up to Maturity Date, then 20% p.a. after
Full Summary
XPON Technologies Group Ltd (ASX:XPN) has announced an extension and variation to the Convertible Note Deed originally announced on 26 February 2024. The key amendments are: 1) Extension of the Maturity Date by a further six months to 26 August 2025 (the 'Extended Maturity Date'); and 2) Variation to the interest payable, with 15% per annum up to and including the Maturity Date, and 20% per annum from the date after the Maturity Date. The amendments have been approved by the Noteholders. XPON is a leading AI marketing technology business with operations in Australia, New Zealand and the United Kingdom, helping businesses simplify complex marketing challenges and achieve superior ROI from their customers.
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